AM vs WMB: Correlation
Antero Midstream Corporation (AM) and Williams Companies (WMB) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AM and WMB?
Across a 3-year window, the weekly returns of AM and WMB correlate at 0.75, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.75 over 3. Stretching to 5 years gives 0.78, with an annualized covariance of 403.2 %².
In AM's tracked universe of 15 assets, WMB sits right near the top at #2. Neither side won the trailing year by much: +33.1% against +33.1%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AM vs WMB: side by side
| AM (Antero Midstream Corporation) | WMB (Williams Companies) | |
|---|---|---|
| 1-year return | +33.1% | +33.1% |
| 5-year return | +230.4% | +279.9% |
| Volatility (ann.) | 22.6% | 24.0% |
| Beta vs S&P 500 | 0.24 | 0.34 |
| Max drawdown (3Y) | -14.0% | -12.4% |
| Market cap | $10.7B | $90.7B |
| P/E (trailing) | 27.1 | 29.7 |
| Dividend yield | 3.98% | 2.76% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | AM | WMB |
|---|---|---|
| 2022 | +22.0% | +32.8% |
| 2023 | +25.7% | +11.9% |
| 2024 | +28.5% | +62.3% |
| 2025 | +24.4% | +14.9% |
| 2026 | +30.9% | +25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AM and WMB good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AM and WMB?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.77 over the last year and 0.78 over 5 years.
Is WMB a good diversifier for AM?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
A reading of 0.75 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AM correlations · WMB correlations
